1. The stockholders or members mentioned in the Articles of Incorporation originally forming and composing the corporation and who are signatories thereof are called:

a. Incorporators

b. Promoters

c. Corporators

d. None of the above

2. Persons who compose the corporation whether as stockholders or members are called:

a. Incorporators b. Promoters c. Corporators d. Subscribers

3. Right of the corporation to continue as a juridical entity for the period stated in the Articles of Incorporation despite the death of any stockholder.

a. Right of succession

b. Right of pre-emption

c. Right of existence

d. None of the above

4. This class of shares are those issued for no consideration or inadequate consideration:

a. Bonus shares

b. Coupon bonds

c. Over-issued shares

d. Watered shares

5. The debt of a stockholder is not a debt of the corporation of which he is a stockholder, and conversely, the debt of the corporation is not a debt of any of its stockholders is based on the -

a. separate and distinct personality principle

b. trust fund doctrine

c. piercing the veil of corporate fiction

d. limited liability principla

6. In corporation law, the foundation of the primary doctrine of "strong juridical personality" is

a. the right of succession

b. the limited liability rule

c. the doctrine of free transferability of shares of stock

d. the principle of centralized management